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To attract and retain quality workers, employers must remake the pillars of total rewards in ways that recognize and reflect the evolving complexity of their workforce.

;In what ways would you enhance your job duties here?

But how do these plans hold up when business conditions change dramatically, or obstacles get in the way — like in a pandemic?

The Journal of Total Rewards Third Quarter 2021 | Volume 30 | No. 3 This issue looks at ways to fix Social Security’s funding gaps, a pay equity primer for executives, investing in retail employees, and more.

The following are five ways employers can spotlight mental health on — or outside of — World Mental Health Day: Raise awareness.

Total Rewards Compensation philosophies have typically emphasized financial items such as base salary, bonuses and stock equity, but companies are increasingly finding ways to include a greater collection of total rewards in their philosophies, Glasgow said.

Since you opted in during open enrollment, we’ll direct-deposit your well-being benefit.”; Supporting Your Workers in a Meaningful Way As employers work to keep up with the rapidly-evolving voluntary benefits landscape, they should continue to consider the impact on their workers — especially when supplemental programs are kept on the periphery rather than synchronized in a meaningful way, McCauley said.

“When implemented intentionally, these rewards tap into emotional drivers of loyalty in ways that salary alone cannot,” she said.

They include: limited merit pay budgets, pay compression, pay transparency and limited manager knowledge when it comes to how to disburse that money in an unbiased way.